Daimler majority stakeholder in auto fuel cell company

SAN FRANCISCO (MarketWatch) -- German automaker Daimler AG
DAI, -1.36%
said Thursday it is the majority stakeholder in a new company to develop and make fuel cells for cars. Daimler said it owns 50.1% of the company called "Automotive Fuel Cell Cooperation." Other stakeholders include Ford Motor Co.
F, +0.42%
with a 30% stake, and Ballard Power Systems
BLDP, -1.59%
which transferred its automotive division to the new company.

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